World News

Forget store traffic and bag count: Gauging retail performance in an online world

By Melissa Fares NEW YORK (Reuters) – Marshal Cohen has religiously visited the same stores every holiday season since 1999. But rather than snapping up bargains and favorite gifts for friends and family, the chief retail industry adviser is there to scrutinize the purchasing habits of others as online shopping upends the retail business. Major […]

World News

Brazil lacks an alternative to criticized Eletrobras privatization plan: sources

By Rodrigo Viga Gaier and Luciano Costa RIO DE JANEIRO/SAO PAULO (Reuters) – Brazil’s government does not have an alternative proposal for the privatization of power holding company Centrais Eletricas Brasileiras SA <ELET6.SA> which appears headed for rejection in the Senate, according to two people with knowledge of the matter. Last week, Senate President Davi […]

World News

Exclusive: Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory – sources

By Yilei Sun, Cheng Leng and Brenda Goh BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc <TSLA.O> and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker’s Shanghai car plant, three sources familiar with the matter said, part of which will be used […]

World News

U.S. senators ask for government investigation of coal tax credit program

By Tim McLaughlin BOSTON (Reuters) – Three U.S. Democratic senators have asked the investigative arm of Congress to evaluate a $1 billion-a-year subsidy for burning chemically treated refined coal, after research has shown that some power plants using the fuel produced surging amounts of mercury and smog instead of cutting pollution. Senator Sheldon Whitehouse of […]

World News

Mexico seen at least risky level since 2014, even as economy sputters

By Abraham Gonzalez MEXICO CITY (Reuters) – Low inflation, tight public spending and a reduction in the vast debts of loss-making state oil giant Petroleos Mexicanos (Pemex) have helped spruce up Mexico’s so-called risk profile, which reached its “safest” level in five years this month. Risk premiums of investing in Mexico, as measured by traders […]